Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system.
This way, come tax time, everything you need is all in one place. And well-organized SMBs are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information.
Here are four more ways to take the stress out of tax time, and get the most out of your return.
Bookkeepers take care of the daily financial records for your business and make sure your books balance. They create and send invoices, track receipts, and reimbursements, reconcile accounts and prepare certain financial reports. All the frustrating day-to-day financial stuff that you probably dislike, they love.
Bookkeepers are a great investment for your small business, for a number of reasons.
For small business owners, the risk of data breaches and fraud is high, so taking all the necessary steps to protect your sensitive data is a must.
Unfortunately for many entrepreneurs the decision to increase their company’s data protection comes too late – after they’ve been victimized by a malicious hacker.
The good news is, simple and inexpensive steps can be taken to avoid being hacked. According to a recent study, 80% of data breaches could be prevented if users simply implemented two-factor authentication.
In this article you’ll learn how Two Factor Authentication (2FA) works, as well as the pros and cons of using it to secure your company’s digital data.
